How Solar Protects Your Business from Rising Electricity Rates

Utility electricity rates keep trending upwards nationwide. According toPhilip Moellerof the Federal Energy Regulatory Commission, “We are now in an era of rising electricity prices.” And Daniel Kish of the Institute for Energy Research adds that,

“Everywhere you turn, there are proposals and regulations to make prices go higher… The trend line is up, up, up. We are going into uncharted territory.”

And all of this without any corresponding change in the underlying service. Utility electricity isn’t becoming faster, better, or cleaner. We all receive the same electrons as before.

But now, they’re more expensive.

And it’s not simply the nominal price of utility electricity that is so worrying. Over the past 25 years, electricity rates have increased faster than inflation. As such, the real (i.e. relative to inflation) cost of grid power is much higher than it’s ever been. And moving forward, the pace of change will only accelerate.

With abundant sunshine and generous green incentives, California is an extremely attractive market for solar energy. That the state is also decommissioning the last of its nuclear power facilitiesmeans grid electricity prices can be expected to rise faster than the national average. And this means the relative cost of going solar in California will become even more attractive than it already is.

Businesses that take advantage of these factors stand to reap huge savings not only today, but much more savings over time. This is because each additional kilowatt of installed solar capacity protects you from future rate increases. The less reliant you are on utility power, the less exposed you are to soaring prices.

Those savings are further amplified as society continues to replace gas-guzzling vehicles with EV’s. Using solar panels and energy storage (batteries) to power EV charging stations at your building means:

Your employees benefit from cheaper commutes.

Your business benefits from lower EV-charging costs.

Your business benefits from happier employees and publicity as a leader in a cleaner, greener California.